Commercial Loan Underwriter

Primary Job Function:

• Perform financial and risk analysis of new commercial loan requests and renewals.
• Spread and understand tax returns, financial statements, personal financial statements, accounts receivable aging schedules, rent rolls, etc.
• Review various third party reports (appraisal reports, environmental reports, LexisNexis, credit bureaus, ACRIS, 4506-T, etc.)
• Write thorough and concise loan memoranda supporting recommended loan requests.
• Verbally present loan requests to the Bank’s Loan Committee for consideration.
• Familiarity and adherence to the Bank’s Lending Policy.

 

Secondary Job Function:

• Order investigative reports to assist with loan underwriting.
• Maintain shared drive document portfolio in accordance with Bank standards.
• Identify any arising potential credit problems, and make recommendations to senior management.
• Interact professionally with team members, and other departments within the Bank such as retail branches, loan officers, Loan Administration/Operations, etc.
• Assist with other department tasks as needed.

 

Required Skills

• Experience and familiarity in commercial loan underwriting; both CRE and C&I.
• Ability to read and understand tax returns, financial statements, and other pertinent financial documents.
• Ability to write thorough and concise loan request memoranda.
• Excellent attention to details, and ability to adhere to established Bank lending policies.
• Ability to communicate professionally and concisely with Bank attorneys and other third party vendors.
• Fluent with Excel, Word, and Outlook applications.

Preferred Skills

• Formal commercial credit training from a commercial bank.
• Prior commercial loan underwriting experience at a bank/credit union.
• Prior experience with the Fiserv loan system, and RIMS vendor management system.
• Associates or Bachelor’s degree in Accounting or Finance.

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